Boost for UK economy and rail industry through new Israel partnership

The Memorandum of Understanding will boost business opportunities and allow sharing of expertise.

Crossrail train being built at the workshop in East London.

Fresh business opportunities and potential new jobs will be unlocked for the UK’s rail industry thanks to a new partnership signed by the Transport Secretary with Israel today (24 August 2022).

A Memorandum of Understanding (MOU) will be signed by the two countries to share expertise on large scale rail projects, following the successful launch of the UK’s Elizabeth Line earlier this year. 

The benefits of the state-of-the-art line will be extended overseas, through the Department for Transport’s Crossrail International advisory company. This follows the introduction of the Elizabeth Line, which slashed fares by over a third for commuters across London and massively reduced journey times. The project is also estimated to pump £42 billion into the UK economy and has created more than 55,000 jobs and 1,000 apprenticeships while expanding central London’s rail capacity by 10%.  

It is now hoped business opportunities with Israel, the UK’s third biggest transport goods trading partner, will not only enable firms to share valuable expertise, but boost economic growth and could lead to more jobs being created.